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  1. The price shown on the graph is the price after the IG's fee taken. That is the reason for discrepancy.
  2. I am a relatively newbie. I have seen similar and also have seen automated closed position has a loss though the close price I have set was above the price I have bought. After about 6 months with a lot of mysterious losses though my closing price was above the opening price, I discovered this was because of the amount charged for opening/closing a position. This is right below BUY and SELL boxes on the right in very small font. This amount vary from 0.9 to 33 or more depending on the level of trading at the time you open or close. It also happens (god knows why it is set to be so, except that the trader is not watching) when there is a lot of buying and selling going on, like an important news has suddenly been out and the result was not the market expected. As a result, I delete all my automated BUY/SELL values before I stop trading for the day. Remember, the the software is set up to favor the IG, not the retail seller. That is why 70% or more end up in loss.
  3. HI, I have been with IG-Index since last September.I keep an average of £50K in my trading account as a buffer for my opened positions in GBP/USD and gold. I have noticed though I have been charged daily interest on my margin of about 8-10K GBP, I don't get a penny paid as interest on my unused fund (though according to the TV ad I have seen, TRADING 212 pay 5% interest on unused funds in the account) and feel it is terribly unfair. I contacted the IG help desk for an answer, all I got was a link to how my overnight funding is charged (https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/why-is-overnight-funding-charged-and-how-is-it-calculated-) . My issue is not there. Can somebody answer my question please? Below is the reply I received: Dear Jay, Thanks for your email. The interest you see on the statement is not interest you receive on unused funding. The interest you have paid/received on the statement is trade related. More information can be found here - https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/why-is-overnight-funding-charged-and-how-is-it-calculated- If you have any further queries, please do not hesitate to contact us. Regards, Trading Services IG
  4. Thanks RuffTrader. Appreciate your time. Have a profitable day!
  5. HI, a question of a newbie. Currently (as at 5.45 on 17th Sept) according to the client sentiment, 71% are going long on GBP/USD. I know the meaning of going long. But does it mean clients are holding on to their long positions in the hope the the GBP will rise on Monday, or 71% bids within a particular time period had been long and now been closed? I am holding on to my bids praying the GBP will start rising tomorrow by any miracle since I am about to run out of funds. Though I had studied the 5 year chart, the speed of decline within a one afternoon wasn't anything that was clear in a 5 year chart, and being a newbie I though ever would be possible unless something on the scale like Putin declaring war against NATO happens. Do people think the GBP will turn back before the support level is reached or will fall below the support level 1 this evening when the Asian markets starts? Is buying a short position with the same number of contracts to stop further loss (in the event of the GBP falling further, and closing it as soon as the GBP reach back the opening position of my short bid) a good idea? Though my losses will be stopped at the current level, and I have enough funds to buy the same number of contracts on Short position, due to leverage I do not know (and reluctant though I want to do) whether I can do it. Can those in the know please tell me since I need to do it (if within my ability) before market start later on Sunday?
  6. If the 4 major US economic data came out today is no where near as good, why is the GBP is sinking from the time US data came out and continuing at the moment ? I cannot find any reason though I have been skimming the internet from about 1.30 pm, when the slide begun.
  7. Hi, 1. Can I change the leverage (I want to decrease, not increase, when I want) on my IG CFD platform? At the moment I don't see any information about leverage, even to be aware of the current leverage provided by IG. Where can I find it? 2. When I placed my first deal in the morning the spread was 0.5 for GBP/USD, Then, accidentally noticed about 10 pm it had risen to 11.9. What is the reason behind such huge variation that can catch dealers completely unaware. Since I deal with only one currency pair, I did not expect having to check the spread each time I deal or place an order.
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